166 inquiries | Securities Brokers and Dealers
(213) 280-7053
http://www.biosphereenergy.com
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This business is not a member of Business Consumer Alliance. This fact does not disparage the company in any way.
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BCA's Summary and Analysis:
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Company Info
This company's business is research and development of alternative fuel sources.
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Licensing
As of our last verification, in October 31, 2007, this company's offer was not qualified by the State of California to solicit to California residents. The DOC maintains a database to verify registrations online at www.doc.ca.gov. Inquiries can be sent by mail to, California DOC, Securities Regulation Division, 1515 K Street, Suite 200, Sacramento, CA 95814-4052. The DOC can also be contacted by phone, toll-free at 1-866-ASK-CORP (1-866-275-2677).
BCA has no information regarding government actions at this time.
We urge caution! The high price of fuel is also creating a need for new energy options, and many far-sighted businessmen and women have begun to put a greater emphasis on opening the way for ethanol, biodiesel and other forms of alternative energy. Unfortunately, this growing interest in alternative energy has also paved the way for scam artists hoping to capitalize off legitimate businesses and trick consumers into investing their hard-earned money in phony energy companies.Careful evaluation of all investment offers should be done prior to signing agreements. Rather than make an immediate decision, insist that the caller confirm details of the offer and all verbal promises in writing. Verify that the offer is registered, or exempt from such requirement, with your state securities commissioner. In California, call the Department of Corporations 213 576-7500. Limited Patnerships are required to register unless an exemption is filed with the state. General Partnerships, however, are not required to register. Those who invest in General Partnerships may also be accountable for the financial liabilities of the entire partnership. Offers claiming to be exempt from registration must meet specific requirements. Specifically, they must be limited to no more than 35 investors who are: immediate relatives or friends; current investors in other offers made by the company; persons referred by current investors; and to those with the expertise to make a valid decision. Generally, if an offer is sold via telephone, it is an indication it would not be qualified for exemption under current law.California law requires any company, or individual, selling securities as an investment, to register with the Securities Regulation Division of the Department of Corporations.(DOC). This registration requirement includes; financial planners, broker-dealers, broker-dealer agents, investment advisers, and investment adviser representatives. Before investing money, or making other important financial decisions, verify the company you are considering has complied with State registration requirements.
We know of no other matter or practice relating to this company that may assist you in your consideration of this company.
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